<p>Vietnamese steel maker Hoa Phat’s construction steel sales volume reached 450,000 tonnes in February 2022, up 2.3 times YoY & up 17% MoM. With 250,000 tonnes, the Northern region recorded a sudden increase of nearly 3 times over the same period last year, accounting for 56% of total sales of Hoa Phat’s construction steel last month. The central and southern regions also recorded strong growth, representing 2.5 and 1.5 times respectively over the corresponding period last year. The export of construction steel reached 60,000 tonnes, nearly double the same period last year. Hoa Phat’s construction steel has received export orders until May 2022 with total volume of 720,000 tonnes.</p><p>In the first two months of the year, Hoa Phat’s construction steel sales reached 828,000 tonnes, an increase of 2.2 times compared to the same period in 2021. In which, the amount of exported construction steel reached 174,000 tonnes, 2.6 times higher than the same period last year. Its main markets include Singapore, Hong Kong, Canada, Japan, South Korea and Cambodia etc.</p><p>Rebar demand from public investment projects in Vietnam is increasing, with Vinh Tuy Bridge’s phase 2 in Hanoi, construction packages on North-South Expressway, Trung Luong My Thuan Expressway, large hospitals in Ho Chi Minh City, Tan Son Nhat airport repair project. With the market showing many positive signals, it is expected that Hoa Phat's finished construction steel sales volume in 2022 will grow by over 20% compared to 2021.</p>
<p>Vietnamese steel maker Hoa Phat’s construction steel sales volume reached 450,000 tonnes in February 2022, up 2.3 times YoY & up 17% MoM. With 250,000 tonnes, the Northern region recorded a sudden increase of nearly 3 times over the same period last year, accounting for 56% of total sales of Hoa Phat’s construction steel last month. The central and southern regions also recorded strong growth, representing 2.5 and 1.5 times respectively over the corresponding period last year. The export of construction steel reached 60,000 tonnes, nearly double the same period last year. Hoa Phat’s construction steel has received export orders until May 2022 with total volume of 720,000 tonnes.</p><p>In the first two months of the year, Hoa Phat’s construction steel sales reached 828,000 tonnes, an increase of 2.2 times compared to the same period in 2021. In which, the amount of exported construction steel reached 174,000 tonnes, 2.6 times higher than the same period last year. Its main markets include Singapore, Hong Kong, Canada, Japan, South Korea and Cambodia etc.</p><p>Rebar demand from public investment projects in Vietnam is increasing, with Vinh Tuy Bridge’s phase 2 in Hanoi, construction packages on North-South Expressway, Trung Luong My Thuan Expressway, large hospitals in Ho Chi Minh City, Tan Son Nhat airport repair project. With the market showing many positive signals, it is expected that Hoa Phat's finished construction steel sales volume in 2022 will grow by over 20% compared to 2021.</p>
